Friday, August 6, 2010

Is America Going Under?

Recovery, Obama Style
Posted by Robert Ransdell on: 2010-08-06 03:41:13 in category: General [ Print]

WASHINGTON — The number of Americans who are receiving food stamps rose to a record 40.8 million in May as the jobless rate hovered near a 27-year high, the government reported yesterday.

Recipients of Supplemental Nutrition Assistance Program subsidies for food purchases jumped 19 percent from a year earlier and increased 0.9 percent from April, the US Department of Agriculture said in a statement on its website.

Participation has set records for 18 straight months.

Unemployment in July may have reached 9.6 percent, according to a Bloomberg News survey of analysts in advance of the Aug. 6 release of last month’s rate. Unemployment was 9.5 percent in June, near levels last seen in 1983.

http://thebsreport.wordpress.com/2010/08/05/food-stamp-use-hit-record-high-in-may/

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